House price growth in major U.S. cities slowed somewhat in September, the report showed.
The Standard & Poor's Dow Jones Indices said the U.S. 20-city benchmark home price index rose 4.6% in September from a year ago.
The gain was slower than August's 5.2% and below Dow Jones' 4.8% expert forecast.
However, considering that consumer price growth slowed to 2.4% in August compared to last year, home price growth remains significantly ahead of consumer price growth.
House price growth was high in the Northeast and Central, with New York up 7.5%, Cleveland up 7.1% and Chicago up 6.9%, while Denver, Colorado, saw house price growth rise 0.2% from a year ago, the lowest among the 20 major cities.
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